Precision Medical Remains Prepared Despite Uncertainty. Here's How.
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Show Notes
Precision Medical distributes medical products and durable equipment to assist in the rehabilitation of preventative surgeries as well as the prevention of post-surgery events. CFO/COO Bruce Capagli joins this episode to discuss how the company is preparing as the economy reopens. He starts off by explaining the impact of COVID-19 on Precision Medical (3:49), what he expects to see in the next few months (7:25) and how the company will reorient resources around those expectations (10:58). He breaks down plans for updating procedures and processes to keep employees safe and healthy as they return to work (13:09), and how Precision Medical has taken tighter control over cash flow in order to keep its entire workforce employed (15:56). Capagli then dives into the type of scenario planning the company is doing right now (17:48) and the trends he expects to see from healthcare providers in the future (19:27). He concludes with the biggest lessons he's learned amid this crisis (23:18).
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